{
  "id": 6824285,
  "title": "Indore ₹26-Crore Warehouse Finance Fraud Under ED Lens, 18 Properties Worth ₹13 Crore Attached",
  "url": "https://urgent.news/2026/09/11/indore-26-crore-warehouse-finance-fraud-under-ed-lens-18-properties",
  "topic": "world",
  "section": "World",
  "published": "2026-09-11T23:31:00.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/bhopal/indore-26-crore-warehouse-finance-fraud-under-ed-lens-18-properties-worth-13-crore-attached"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Economic Offences department (ED) has attached 18 properties worth Rs 13 crore in connection with a ₹26-crore warehouse finance fraud case in Indore. The investigation, initiated based on two FIRs registered by the Bhopal East Women's Police Station, revolves around Alok Sharda and others allegedly misusing the Warehouse Receipt Finance Scheme. The ED found that Alok Sharda, the proprietor of M/s Sharda Warehouse, Manpur, Indore, and others, allegedly showed agricultural commodities that did not exist as stored in the warehouse and issued warehouse receipts, leading to loans being sanctioned to 42 farmers. The investigation revealed that the pledged commodities were removed and disposed of without the requisite release or NOC from the lender, causing a wrongful loss of Rs 26 crore to the bank and Kisan Dhan Agri Financial Services Private Limited.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Press Journal",
        "title": "Indore ED Attaches 3 Hukmakhedi Land Parcels Worth ₹3.91 Crore In ₹307.44-Crore Bank Fraud Probe",
        "url": "https://urgent.news/2026/09/12/indore-ed-attaches-3-hukmakhedi-land-parcels-worth-3-91-crore-in-307",
        "published": "2026-09-12T00:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}